November 17, 2010

The Morning Wrap

Mortgage Fund: State attorneys general and the country's biggest lenders are negotiating to create a nationwide fund to compensate borrowers who can prove they lost their home in an improper foreclosure, the Washington Post reports.

Wiretapping the Internet: FBI Director Robert Mueller III and General Counsel Valerie Caproni yesterday met with top executives of several technology firms about a proposal to make it easier to wiretap Internet users, The New York Times reports.

Bad Bankers: The Federal Deposit Insurance Corp. is conducting about 50 criminal investigations of former executives, directors and employees at U.S. banks that have failed since the start of the financial crisis, according to The Wall Street Journal.

Long and Winding Road: U.K. firm Eversheds has helped its longstanding client Apple with an agreement to make The Beatles’ music available online for the first time, The Lawyer reports.

GM IPO: General Motors Co raised the common stock portion of its initial public offering by 31 percent on Wednesday after a surge of investor interest, putting the deal on track to raise as much as $22.7 billion, according to Reuters.

Mending Fences: U.S. Chamber of Commerce President Tom Donohue will pledge today to work with President Barack Obama to push for trade deals and to create jobs, after two years during which the men were often at odds, Bloomberg reports.